2023 HRK to BGN Historical Review

YEARLY HIGH

0.2628 BGN

YEARLY LOW

0.2572 BGN

YEARLY AVERAGE

0.2595 BGN

2023 HRK to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.2628. Conversely, the yearly low was recorded on March 19, dropping to 0.2572.

This high-to-low spread represents a total annual volatility of 0.0056 BGN. From a start-to-finish perspective, comparing the January average rate of 0.2597 to the December average rate of 0.2596, the exchange rate registered a net change of -0.05% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2628 was down 0.03% compared to the 2022 peak of 0.2629, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 HRK based on timing:

Yearly Peak High 1,314 BGN

2022 Average 1,298 BGN

Yearly Trough Low 1,286 BGN

Transaction Impact: A difference of 28.16 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2598

0.2592

JanuMarcMayJulySeptNove

HRK to BGN Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.2595, compared to 0.2596 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.2595

H2 Avg (Jul–Dec) 0.2596

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0037 BGN (High: 0.2628 / Low: 0.2591). On the other end, September was the most stable month, with a tight range of 0.0005 BGN (High: 0.2598 / Low: 0.2593).

January Spread (Volatile) ±0.0037

September Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0002 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2597) against the same month in 2022 (average: 0.2600), the exchange rate shifted by -0.0003 (-0.10%).

2023 Avg (January) 0.2597

2022 Avg (January) 0.2600

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2628	0.2591	0.2597
February	0.2623	0.2587	0.2595
March	0.2604	0.2572	0.2594
April	0.2600	0.2575	0.2592
May	0.2599	0.2575	0.2594
June	0.2598	0.2587	0.2595
July	0.2603	0.2591	0.2595
August	0.2599	0.2591	0.2596
September	0.2598	0.2593	0.2595
October	0.2599	0.2588	0.2596
November	0.2600	0.2590	0.2596
December	0.2603	0.2592	0.2596